Voice for Business

Asian stock markets opened on a variety of trading Tuesday (25/10/2011) this. Investors appear reluctant to continue strengthening the already happened yesterday. Meeting of European leaders who will discuss the way out of the crisis in the euro zone.

“This is a consequence of the increase that is strong enough mix with a cautious stance before the meeting of the European Union next Wednesday. Clearly there is optimism, but the meeting will be a meeting of the 14th over for 21 months of this crisis,” said an investment adviser with Macquarie Private Weath James Rosenberg.

European officials seem to make progress in their efforts to fix the debt problem in the region. The officials had agreed to add a backup bailout of 440 billion euros to 1 billion euros, said one adviser to German Chancellor Angela Merkel who participated in the meeting.

“With high hopes, disappointing decision that will make the stock market crashed again,” said Credit Agricole stretegis of Mitul Kotecha.

At the beginning of this trade, Japan’s Nikkei index fell 0.3 percent, Australia’s S & P fell 0.3 percent, South Korea’s Kospi index rose 0.2 percent and New Zealand rose 0.4 percent.

In the foreign exchange market, the euro was trading at a narrow range against the U.S. dollar as investors are still optimistic that the meeting next Wednesday will membership real plan to prevent the spread of the crisis in the euro zone.

“Hope there will be a real action from next Wednesday’s meeting continues to grow,” Barclays Capital wrote in a note to clients. A common currency was traded at 1.3908 from 1.3929 dollars in New York.

While gold prices in the spot market at 1651.5 U.S. dollars per troy ounce (31.1 grams) fell 1.8 U.S. dollars from its close in New York market. Oil futures for December delivery rose 36 cents to 91.63 dollars per barrel.

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